Oppenheimer & Co. Inc. purchased a new position in Kohl’s Co. (NYSE:KSS – Get Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,683 shares of the company’s stock, valued at approximately $310,000.
Other hedge funds have also recently modified their holdings of the company. Clear Harbor Asset Management LLC purchased a new position in shares of Kohl’s in the second quarter worth $266,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Kohl’s in the first quarter worth $49,000. Illinois Municipal Retirement Fund raised its stake in shares of Kohl’s by 70.2% in the second quarter. Illinois Municipal Retirement Fund now owns 125,043 shares of the company’s stock worth $4,463,000 after purchasing an additional 51,567 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Kohl’s by 5.7% in the first quarter. Advisor Group Holdings Inc. now owns 18,425 shares of the company’s stock worth $936,000 after purchasing an additional 993 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Kohl’s by 3.5% in the first quarter. Swiss National Bank now owns 356,000 shares of the company’s stock worth $21,524,000 after purchasing an additional 12,200 shares during the last quarter. Hedge funds and other institutional investors own 91.96% of the company’s stock.
Kohl’s Price Performance
Shares of KSS opened at $30.98 on Friday. The business’s 50-day moving average is $28.29 and its two-hundred day moving average is $33.35. The company has a market capitalization of $3.61 billion, a P/E ratio of 6.11, a P/E/G ratio of 1.17 and a beta of 1.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.18 and a current ratio of 1.37. Kohl’s Co. has a fifty-two week low of $24.61 and a fifty-two week high of $64.38.
Kohl’s Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Tuesday, December 6th. Kohl’s’s payout ratio is 39.45%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Jefferies Financial Group lowered Kohl’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $29.00 in a report on Thursday, September 15th. Evercore ISI cut their price objective on Kohl’s to $32.00 in a report on Monday, August 22nd. Cowen lowered Kohl’s from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $60.00 to $35.00 in a report on Thursday, August 4th. JPMorgan Chase & Co. lifted their price objective on Kohl’s from $28.00 to $30.00 in a report on Friday, September 16th. Finally, StockNews.com assumed coverage on Kohl’s in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kohl’s currently has an average rating of “Hold” and a consensus price target of $31.40.
Insider Buying and Selling at Kohl’s
In other Kohl’s news, Director Jonas Prising purchased 10,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was acquired at an average price of $29.67 per share, for a total transaction of $296,700.00. Following the completion of the purchase, the director now directly owns 60,647 shares in the company, valued at approximately $1,799,396.49. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is owned by corporate insiders.
Kohl’s Company Profile
Kohl's Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.
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